Bollinger band reading : pullback correction little downside biased.
MACD Histogram : recovering, seller taking profit.
Support : 1580,1570, 1565, 1550 level.
Resistance : 1590, 1595, 1600, 1605 level.
Comment :
FKLI closed slightly lower with shrinking volume changed hand doing 1 point discount compare to cash market that also marginally higher. Overnight U.S. markets closed little lower and today Asia markets ended mixed while European markets currently trading higher.
Regional market tradind in different direction with saparate regional agenda with some higher Europe companies corporate earnings, higher jobless data and focus on French Presidential election, slowed China services industry data and U.S. data showed companies added fewer jobs than projected.
Daily chart reading remained calling a pullback correction little downside biased market development testing resistance near middle Bollinger band level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistance or strength with quick cut loss and profit target.
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